On July 17, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) issued the results of the business performance assessment of the heads of central enterprises for the year 2021 and the period between

Martin Fruergaard, chief executive of Pacific Basin Hong Kongs Pacific Basin Shipping, a leading player in the minor bulks sector, netted US$465.1m net profit for the first six months of 2022, a record result for the company. In the first h

On July 22, China State Shipbuilding Corporation Limiteds 2022 State-owned Enterprises Open Day was launched in Beijing. It is understood that in the Open Day activities, 25 media will visit CSSCs member companies, which is located in Hulud

The CMA CGM Group, a global player in sea, land, air and logistic solutions, is committed to anticipate and develop innovative intermodal solutions which offer reliability, flexibility and green options while maintaining operational and cos

SERVICE ORDER INTAKE INCREASED BY 36% HIGHLIGHTS FROM APRILJUNE 2022 Order intake increased by 25% to EUR 1,440 million (1,154) Service order intake increased by 36% to EUR 811 million (598) Net sales increased by 24% to EUR 1,407 million (

Wrtsil announces that it has completed its orderly exit from the Russian market following its announcement of scaling down activities in April 2022. All adjustments and closures of Wrtsils operations were completed in accordance with local

On August 18, the Wisdom Port Global Innovation Laboratory jointly established by Huawei, Tianjin Port Group, Wuhan University of Technology and other units was inaugurated in Tianjin. At the ceremony, Liang Hua, chairman of Huawei, said th

On July 21, the signing ceremony of the Momorandum of Understanding (MOU) on tanker time charter between China Merchants Energy Shipping (CMES) and PetroChina International (PCI) was held in Shenzhen, Beijing and Hong Kong. Xie Chunlin, Cha

In the process of carrier-port cooperation, global network expansion and digital transformation, CSP Abu Dhabi Terminal and CSP Abu Dhabi CFS have been developing a more integrated supply chain operation model in addition to a more well-rou

July 19, COSCO Shipping Development announced that the COSCO Shipping Development and its subsidiaries sold about 2.29% of the A-shares of China International Marine Containers (CIMC) for about 1.302 billion yuan from July 19, 2021 to July

Columbia Shipmanagement (CSM) has announced a partnership with Berlin-based Fintech Kadmos to automate and digitalize its seafarers salary payouts. With a growing demand for better payment options that increase security and transparency, CS

Orient Overseas Container Line is switching to Electronic Bills of Lading, in order to enhance the efficiency of the global supply chain, reduce the carbon footprint of each shipment, and bring customers the ultimate shipping experience. OO

The net profit attributable to equity holders of the listed company for the first half of 2022 is expected to be approximately RMB64.716 billion, representing an increase of approximately RMB27.618 billion or 74.45% compared with the same p

Yang Ming Marine Transport Corp. (Yang Ming) has welcomed its newest 11,000 TEU class container vessel, YM Tutorial. The vessel is chartered from Shoei Kisen Kaisha, Ltd. and built by Imabari Shipbuilding Co., Ltd. YM Tutorial was named at

Wrtsil plans to ramp down manufacturing in Trieste, Italy and to centralise its 4-stroke engine manufacturing in Europe to Vaasa, Finland. Ending the manufacturing in Trieste is expected to impact approximately 450 employees with potential